Sepio Capital, LP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 13, 2026), Sepio Capital, LP reported 369 stock positions worth $1.8 billion. Its top holding was Bushido Cap US Equity ETF (SMRI) at 26.1% of the portfolio, followed by Bushido Cap Smid C Eqty ETF (RNIN, 7.6%) and Vanguard S&P 500 ETF (VOO, 6.2%). Compared with Q4 2025, it opened 45 new positions, sold out of 38, added to 144 and reduced 154. The biggest buy was Bushido Cap Smid C Eqty ETF (RNIN, shares +6%) and the biggest sale Microsoft (MSFT, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- Salt Lake City, UT
- CIK
- 0001751412
- Portfolio Value
- $1.8B (Q1 2026)
- SEC Filing
- 0001172661-26-001754 ↗ filed May 13, 2026
Holdings Value
Holdings 369 stocks · $1.8B
| SMRI Bushido Cap US Equity ETF | 26.07% | 13,567,023 | $480.1M | Add +3.4% |
| RNIN Bushido Cap Smid C Eqty ETF | 7.64% | 4,840,343 | $140.7M | Add +6.3% |
| VOO Vanguard S&P 500 ETF | 6.16% | 189,906 | $113.5M | Add +5.6% |
| VEA Vanguard Ftse Developed ETF | 3.67% | 1,055,102 | $67.6M | Add +1.8% |
| VWO Vanguard Ftse Emerging Marke | 1.93% | 657,435 | $35.5M | Add +1.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 1.92% | 180,365 | $35.4M | Reduce -0.6% |
| ABBV Abbvie Inc. | 1.61% | 136,728 | $29.7M | Add +8.6% |
| NVDA Nvidia Corp. | 1.46% | 153,675 | $26.8M | Reduce -2.7% |
| ICOW Pacer Developed Markets Inte | 1.42% | 614,567 | $26.1M | Reduce -29.9% |
| RSP Invesco S&P 500 Equal Weight | 1.40% | 134,237 | $25.8M | Add +20.6% |
| MSFT Microsoft Corp. | 1.28% | 63,447 | $23.5M | Reduce -2.3% |
| AMZN Amazon.com Inc. | 1.21% | 106,560 | $22.2M | Add +10.0% |
| VFLO Victoryshares Free Cash Flow | 1.16% | 542,434 | $21.4M | Add +0.1% |
| ABT Abbott Laboratories | 1.11% | 198,244 | $20.4M | Add +22.1% |
| TSLA Tesla Inc. | 1.07% | 52,946 | $19.7M | Reduce -0.7% |
| ACWI iShares MSCI Acwi ETF | 1.02% | 135,467 | $18.7M | Reduce -0.2% |
| META Meta Platforms Inc. Class A | 1.02% | 32,752 | $18.7M | Reduce -9.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 1.01% | 28,674 | $18.6M | Add +37.3% |
| AAPL Apple Inc. | 1.01% | 73,311 | $18.6M | Reduce -21.1% |
| GOOGL Alphabet Inc. Class A | 1.00% | 63,918 | $18.4M | Reduce -6.9% |
| EYLD Cambria Emerg Shrhldr Yield | 0.98% | 435,785 | $18.0M | Add +16.7% |
| QQQM Invesco Nasdaq 100 ETF | 0.96% | 74,200 | $17.6M | Add +8.2% |
| GOOG Alphabet Inc. Class C | 0.95% | 61,036 | $17.5M | Reduce -1.6% |
| IVV iShares Core S&P 500 ETF | 0.74% | 20,848 | $13.6M | Add +103.6% |
| QQQ Invesco QQQ Trust Series 1 | 0.71% | 22,523 | $13.0M | Add +13.9% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.68% | 68,357 | $12.6M | Reduce -0.9% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.62% | 52,848 | $11.5M | Reduce -1.8% |
| VTIP Vanguard Short-Term Tips | 0.57% | 211,095 | $10.5M | Add +23.5% |
| XLK SS Technology Select Sector | 0.57% | 78,333 | $10.4M | Reduce -17.1% |
| HMOP Hartford Municipal Opp ETF | 0.56% | 266,503 | $10.3M | Add +88.9% |
| IWB iShares Russell 1000 ETF | 0.52% | 26,737 | $9.5M | Reduce -1.5% |
| V Visa Inc. Class A | 0.50% | 30,452 | $9.2M | Reduce -4.3% |
| NFLX Netflix Inc. | 0.49% | 94,578 | $9.1M | Add +4.3% |
| IFLO VS Intl Free Cash Flow ETF filed as VICTORY PORTFOLIOS II | 0.49% | 288,128 | $9.0M | New |
| GVI iShares Intermediate Governm | 0.47% | 80,733 | $8.6M | Reduce -0.3% |
| IWF iShares Russell 1000 Growth | 0.46% | 19,700 | $8.4M | Reduce -8.7% |
| GLD SPDR Gold Shares | 0.42% | 18,077 | $7.8M | Reduce -6.9% |
| GVAL Cambria Global Value ETF | 0.41% | 228,933 | $7.6M | New |
| DISV Dimensional International SM | 0.40% | 188,797 | $7.4M | New |
| IWD iShares Russell 1000 Value E | 0.40% | 34,408 | $7.4M | Reduce -10.9% |
| CVX Chevron Corp. | 0.39% | 34,893 | $7.2M | Reduce -2.3% |
| EFA iShares MSCI Eafe ETF | 0.38% | 72,617 | $7.1M | Add +1.7% |
| BA The Boeing Co. | 0.38% | 34,737 | $6.9M | Reduce -6.3% |
| IAU iShares Gold Trust | 0.37% | 77,471 | $6.8M | Add +3.4% |
| NET Cloudflare Inc. Class A | 0.34% | 30,016 | $6.2M | Add +0.3% |
| ORCL Oracle Corp. | 0.33% | 41,190 | $6.1M | Add +3.1% |
| COST Costco Wholesale Corp. | 0.33% | 6,064 | $6.0M | Reduce -4.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.33% | 12,603 | $6.0M | Add +5.3% |
| JNJ Johnson & Johnson | 0.29% | 22,027 | $5.4M | Reduce -4.5% |
| BLK BlackRock Inc. | 0.29% | 5,567 | $5.4M | Reduce -3.2% |
| SHOP Shopify Inc. Class A | 0.28% | 43,797 | $5.2M | Add +7.5% |
| IBIT iShares Bitcoin Trust ETF | 0.28% | 132,508 | $5.1M | Add +51.3% |
| GLW Corning Inc. | 0.24% | 32,843 | $4.5M | Reduce -41.5% |
| NSC Norfolk Southern Corp. | 0.23% | 15,001 | $4.3M | Reduce -3.1% |
| CSCO Cisco Systems Inc. | 0.23% | 54,837 | $4.3M | Reduce -4.3% |
| AVGO Broadcom Inc. | 0.23% | 13,596 | $4.2M | Reduce -3.7% |
| SBUX Starbucks Corp. | 0.23% | 46,701 | $4.2M | Reduce -7.1% |
| MNST Monster Beverage Corp. | 0.23% | 57,662 | $4.2M | Reduce -6.7% |
| XLV SS Health Care Select Sector | 0.22% | 27,318 | $4.0M | Reduce -7.2% |
| PM Philip Morris International | 0.22% | 24,030 | $4.0M | Reduce -2.8% |
| TXN Texas Instruments Inc. | 0.22% | 20,418 | $4.0M | Reduce -3.0% |
| TSM Taiwan Semiconductor-SP ADR | 0.21% | 11,719 | $4.0M | Add +1.7% |
| APD Air Products & Chemicals Inc. | 0.21% | 13,008 | $3.8M | Add +1.6% |
| IJR iShares Core S&P Small-Cap E | 0.20% | 30,023 | $3.7M | Add +25.4% |
| SCHW Schwab (charles) Corp. | 0.20% | 39,560 | $3.7M | Add +1.8% |
| VRTX Vertex Pharmaceuticals Inc. | 0.20% | 8,294 | $3.7M | Reduce -6.4% |
| BILL Bill Holdings Inc. | 0.20% | 96,671 | $3.7M | Add +0.2% |
| UNH Unitedhealth Group Inc. | 0.20% | 13,453 | $3.6M | Reduce -6.0% |
| MDY State Street SPDR S&P Midcap | 0.19% | 5,810 | $3.6M | No change |
| D Dominion Energy Inc. | 0.19% | 57,325 | $3.5M | Add +6.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.19% | 36,730 | $3.5M | Reduce -4.2% |
| RTX RTX Corp. | 0.19% | 18,026 | $3.5M | Reduce -0.1% |
| CRWD CrowdStrike Holdings Inc. Class A | 0.19% | 8,867 | $3.5M | Add +0.2% |
| CMI Cummins Inc. | 0.19% | 6,382 | $3.4M | Add +4.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.18% | 11,702 | $3.4M | Add +6.6% |
| MATX Matson Inc. | 0.18% | 20,406 | $3.3M | No change |
| JPM JPMorgan Chase & Co. | 0.18% | 11,040 | $3.2M | Reduce -6.9% |
| ANGX Angel Studios Inc. | 0.18% | 1,063,835 | $3.2M | Add +4.6% |
| EG Everest Group Ltd. | 0.17% | 9,759 | $3.2M | Add +54.9% |
| CRM Salesforce Inc. | 0.17% | 17,028 | $3.2M | Add +6.8% |
| NOC Northrop Grumman Corp. | 0.17% | 4,516 | $3.1M | Reduce -6.0% |
| ADSK Autodesk Inc. | 0.17% | 12,756 | $3.1M | Add +0.9% |
| TBF Proshares Short 20+ Treasury | 0.16% | 124,300 | $3.0M | No change |
| TEL Te Connectivity PLC | 0.16% | 14,276 | $3.0M | Reduce -0.5% |
| PGR Progressive Corp. | 0.16% | 14,971 | $3.0M | Reduce -1.9% |
| LOW Lowe's Cos Inc. | 0.16% | 12,516 | $3.0M | Reduce -5.8% |
| MA Mastercard Inc. Class A | 0.16% | 5,852 | $2.9M | Reduce -2.5% |
| MTH Meritage Homes Corp. | 0.16% | 47,096 | $2.9M | New |
| IEMG iShares Core MSCI Emerging | 0.16% | 41,687 | $2.9M | Reduce -1.0% |
| EWX State Street SPDR S&P Emergi | 0.16% | 43,866 | $2.9M | Reduce -0.6% |
| REGN Regeneron Pharmaceuticals | 0.16% | 3,752 | $2.9M | Reduce -3.8% |
| FAST Fastenal Co. | 0.15% | 61,147 | $2.8M | Reduce -5.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.15% | 8,444 | $2.7M | Add +20.7% |
| UPBD Upbound Group Inc. | 0.14% | 144,609 | $2.6M | Reduce -2.5% |
| FBTC Fidelity Wise Origin Bitcoin | 0.14% | 44,156 | $2.6M | Add +0.3% |
| QCOM Qualcomm Inc. | 0.14% | 19,839 | $2.6M | Reduce -0.6% |
| PLTR Palantir Technologies Inc. Class A | 0.14% | 17,066 | $2.5M | Add +0.9% |
| LEN Lennar Corp. Class A | 0.14% | 28,653 | $2.5M | New |
| RNR Renaissancere Holdings Ltd. | 0.13% | 8,355 | $2.5M | Add +1.3% |
| COIN Coinbase Global Inc. Class A | 0.13% | 13,850 | $2.4M | Add +0.4% |
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -2.3% | 1.28% | −0.44 |
| ICOW Pacer Developed Markets Inte | Reduce -29.9% | 1.42% | −0.44 |
| AAPL Apple Inc. | Reduce -21.1% | 1.01% | −0.37 |
| META Meta Platforms Inc. Class A | Reduce -9.2% | 1.02% | −0.29 |
| SMMD iShares Russell 2500 ETF | Sold out | 0.00% | −0.28 |
| TSLA Tesla Inc. | Reduce -0.7% | 1.07% | −0.24 |
| IWM iShares Russell 2000 ETF | Reduce -75.1% | 0.06% | −0.19 |
| XLK SS Technology Select Sector | Reduce -17.1% | 0.57% | −0.18 |
| GOOGL Alphabet Inc. Class A | Reduce -6.9% | 1.00% | −0.18 |
| EPOL iShares MSCI Poland ETF | Reduce -68.8% | 0.08% | −0.18 |
| EWS iShares MSCI Singapore ETF | Sold out | 0.00% | −0.16 |
| NVDA Nvidia Corp. | Reduce -2.7% | 1.46% | −0.16 |
| GREK Global X MSCI Greece ETF | Reduce -53.9% | 0.12% | −0.15 |
| EWI iShares MSCI Italy ETF | Sold out | 0.00% | −0.15 |
| GOOG Alphabet Inc. Class C | Reduce -1.6% | 0.95% | −0.11 |
| V Visa Inc. Class A | Reduce -4.3% | 0.50% | −0.11 |
| IWF iShares Russell 1000 Growth | Reduce -8.7% | 0.46% | −0.10 |
| EWD iShares MSCI Sweden ETF | Sold out | 0.00% | −0.08 |
| SOFI Sofi Technologies Inc. | Reduce -41.0% | 0.04% | −0.08 |
| EIRL iShares MSCI Ireland ETF | Sold out | 0.00% | −0.07 |
| BA The Boeing Co. | Reduce -6.3% | 0.38% | −0.07 |
| UNH Unitedhealth Group Inc. | Reduce -6.0% | 0.20% | −0.06 |
| EDEN iShares MSCI Denmark ETF | Sold out | 0.00% | −0.06 |
| IMVP Invesco India Exchange-Trade | Sold out | 0.00% | −0.06 |
| FDN First Trust DJ Internet Ind | Sold out | 0.00% | −0.05 |
| QCOM Qualcomm Inc. | Reduce -0.6% | 0.14% | −0.05 |
| DIS The Walt Disney Co. | Reduce -4.2% | 0.19% | −0.05 |
| BLK BlackRock Inc. | Reduce -3.2% | 0.29% | −0.05 |
| ZS Zscaler Inc. | Reduce -4.4% | 0.07% | −0.05 |
| IWD iShares Russell 1000 Value E | Reduce -10.9% | 0.40% | −0.05 |
| SYY Sysco Corp. | Reduce -25.4% | 0.11% | −0.04 |
| BRK.A Berkshire Hathaway Inc. Class A | Sold out | 0.00% | −0.04 |
| AVGO Broadcom Inc. | Reduce -3.7% | 0.23% | −0.04 |
| IWB iShares Russell 1000 ETF | Reduce -1.5% | 0.52% | −0.04 |
| IWR iShares Russell Mid-Cap ETF | Reduce -28.9% | 0.09% | −0.04 |
| BR Broadridge Financial Solutio | Sold out | 0.00% | −0.04 |
| NUEM Nuveen ESG Emerging Markets | Sold out | 0.00% | −0.04 |
| ACWI iShares MSCI Acwi ETF | Reduce -0.2% | 1.02% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -6.9% | 0.18% | −0.03 |
| TRMB Trimble Inc. | Reduce -16.4% | 0.07% | −0.03 |
| MNST Monster Beverage Corp. | Reduce -6.7% | 0.23% | −0.03 |
| ALEX Alexander & Baldwin Inc. | Sold out | 0.00% | −0.03 |
| XLV SS Health Care Select Sector | Reduce -7.2% | 0.22% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Reduce -5.3% | 0.12% | −0.03 |
| SPGI S&P Global Inc. | Reduce -48.6% | 0.02% | −0.03 |
| FCN Fti Consulting Inc. | Sold out | 0.00% | −0.03 |
| PGR Progressive Corp. | Reduce -1.9% | 0.16% | −0.03 |
| MA Mastercard Inc. Class A | Reduce -2.5% | 0.16% | −0.03 |
| GLW Corning Inc. | Reduce -41.5% | 0.24% | −0.03 |
| NVR NVR Inc. | Sold out | 0.00% | −0.03 |
Portfolio Buys Q4 2025 → Q1 2026
| RNIN Bushido Cap Smid C Eqty ETF | Add +6.3% | 7.64% | +0.76 |
| IFLO VS Intl Free Cash Flow ETF | New | 0.49% | +0.49 |
| GVAL Cambria Global Value ETF | New | 0.41% | +0.41 |
| DISV Dimensional International SM | New | 0.40% | +0.40 |
| IVV iShares Core S&P 500 ETF | Add +103.6% | 0.74% | +0.36 |
| HMOP Hartford Municipal Opp ETF | Add +88.9% | 0.56% | +0.26 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +37.3% | 1.01% | +0.23 |
| RSP Invesco S&P 500 Equal Weight | Add +20.6% | 1.40% | +0.23 |
| EYLD Cambria Emerg Shrhldr Yield | Add +16.7% | 0.98% | +0.20 |
| MTH Meritage Homes Corp. | New | 0.16% | +0.16 |
| LEN Lennar Corp. Class A | New | 0.14% | +0.14 |
| EAGL Eagle Capital Select Eqty | New | 0.13% | +0.13 |
| VEA Vanguard Ftse Developed ETF | Add +1.8% | 3.67% | +0.13 |
| EWO iShares MSCI Austria ETF | New | 0.12% | +0.12 |
| EZA iShares MSCI South Africa Et | New | 0.12% | +0.12 |
| SMRI Bushido Cap US Equity ETF | Add +3.4% | 26.07% | +0.12 |
| VTIP Vanguard Short-Term Tips | Add +23.5% | 0.57% | +0.11 |
| GDX Vaneck Gold Miners ETF | Add +819.1% | 0.11% | +0.10 |
| QSR Restaurant Brands Intern | New | 0.10% | +0.10 |
| GDXJ Vaneck Junior Gold Miners | New | 0.09% | +0.09 |
| AEM Agnico Eagle Mines Ltd. | New | 0.08% | +0.08 |
| SILJ Amplify Junior Silver Miners | New | 0.07% | +0.07 |
| AGI Alamos Gold Inc. Class A | New | 0.07% | +0.07 |
| CSL Carlisle Cos Inc. | Add +275.3% | 0.09% | +0.06 |
| NEM Newmont Corp. | New | 0.06% | +0.06 |
| EG Everest Group Ltd. | Add +54.9% | 0.17% | +0.06 |
| ICLO Invesco Aaa Clo F/R Note ETF | Add +135.9% | 0.09% | +0.05 |
| OKLO Oklo Inc. | New | 0.05% | +0.05 |
| IJR iShares Core S&P Small-Cap E | Add +25.4% | 0.20% | +0.05 |
| LSGR Natixis Loomis Focused Grwth | New | 0.04% | +0.04 |
| EWP iShares MSCI Spain ETF | New | 0.04% | +0.04 |
| QQQ Invesco QQQ Trust Series 1 | Add +13.9% | 0.71% | +0.04 |
| ABBV Abbvie Inc. | Add +8.6% | 1.61% | +0.04 |
| IJH iShares Core S&P Midcap ETF | New | 0.04% | +0.04 |
| IBIT iShares Bitcoin Trust ETF | Add +51.3% | 0.28% | +0.04 |
| IAU iShares Gold Trust | Add +3.4% | 0.37% | +0.04 |
| CDE Coeur Mining Inc. | New | 0.04% | +0.04 |
| CPNG Coupang Inc. | Add +77.4% | 0.12% | +0.03 |
| APD Air Products & Chemicals Inc. | Add +1.6% | 0.21% | +0.03 |
| CEF Sprott Physical Gold and Sil | New | 0.03% | +0.03 |
| NFLX Netflix Inc. | Add +4.3% | 0.49% | +0.03 |
| ACWX iShares MSCI Acwi Ex US ETF | New | 0.03% | +0.03 |
| GDDY GoDaddy Inc. Class A | Add +233.1% | 0.05% | +0.03 |
| CGXU Cap Group Intl Focus | New | 0.03% | +0.03 |
| BSY Bentley Systems Inc. Class B | New | 0.03% | +0.03 |
| XOM Exxon Mobil Corp. | Add +2.3% | 0.08% | +0.02 |
| LII Lennox International Inc. | Add +150.7% | 0.04% | +0.02 |
| NSIT Insight Enterprises Inc. | New | 0.02% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.7% | 0.21% | +0.02 |
| TYL Tyler Technologies Inc. | Add +134.8% | 0.05% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 346 | $2.0B | SMRI, RNIN, VOO, VEA, VWO |
| Q1 2026 | 369 | $1.8B | SMRI, RNIN, VOO, VEA, VWO |
| Q4 2025 | 362 | $1.8B | SMRI, RNIN, VOO, VEA, VWO |
| Q3 2025 | 312 | $1.7B | SMRI, RNIN, VOO, VEA, VTV |
| Q2 2025 | 274 | $1.4B | SMRI, RNIN, VOO, VEA, ABBV |
| Q1 2025 | 287 | $1.3B | SMRI, VOO, VEA, ABBV, VTV |
| Q4 2024 | 291 | $1.2B | SMRI, VOO, VEA, BILL, VTV |
| Q3 2024 | 295 | $1.3B | SMRI, VOO, VEA, ABBV, VTV |
| Q2 2024 | 276 | $1.1B | SMRI, VOO, VEA, VTV, MSFT |
| Q1 2024 | 284 | $1.2B | SMRI, VOO, VEA, VTV, ABBV |